Crunchbase News recently profiled a selection of U.S. companies’ largest VC raised in 2018, and no surprise here: the 10 largest rounds all topped out well north of $100 million.
A major driver of global venture dollar growth is the relatively recent phenomenon of companies raising $100 million or more in a single venture round. We’ve called these nine and 10-figure deals, which shine brightly in the media and are hefty enough to bend the curve of VC fund sizes upwards, “supergiants” after their stellar counterparts.
And like stars, venture-backed companies tend to originate and co-exist in clusters, while the physical space between these groups is largely empty.
We noticed that many of the companies behind these supergiant rounds are headquartered in just a few metro areas around the United States. In this case, it’s mostly just the SF Bay Area, plus others scattered between Boston, Los Angeles, San Diego and one (Magic Leap) in the unfortunately named Plantation, Florida.
The San Francisco Bay Area is perhaps one of the best-known tech and startup hubs in the world. Places like Boston, NYC and Los Angeles, among others, are perhaps just as well-known. But how do these cities stack up as clusters for companies raising supergiant rounds?
That question got us wondering how these locales rank against other major metropolitan areas throughout the world. In the chart below, we’ve plotted the count of supergiant venture rounds1 topping out at $100 million or more through November 5. These numbers are based off of reported data in Crunchbase, exclude private equity rounds and do not account for deals that may have already been closed but haven’t been publicly announced yet.
Although U.S.-based companies have raised more supergiant rounds (168 year to date) than their Chinese counterparts (160 year to date), Chinese companies raise much bigger rounds, even at this supergiant size class.
How much more? U.S. companies have raised $38.4 billion, year to date, in nine and 10-figure venture rounds alone. Chinese companies have raised $69 billion across their 160 supergiant deals, which includes the largest-ever VC deal: a $14 billion Series C round raised by Ant Financial.
2018 in perspective
2018 is already a record year for venture funding worldwide. With more than $275 billion in projected total venture dollar volume so far, 2018’s year-to-date numbers have already eclipsed 2017’s full-year figures (a projected $220 billion, roughly) by more than $55 billion.2
And there’s still about eight weeks left to go before it’s New Year’s Eve.
- We use the same classification rules for what is and is not a “venture” round as we’ve used in our quarterly reports. Check out the methodology section of our most recent global VC report, from Q3 2018, to learn more about how Crunchbase News categorizes rounds.
- We’re referring to the same type of projected data we use in the quarterly reports. Check out the methodology section of our most recent global VC report, from Q3 2018, to learn more about how Crunchbase News uses projected and reported data.
Major Espresso Machine Brands Ranked Worst To Best
Made in Italy, Lelit holds a prominent position among top-tier espresso machine manufacturers. While it may be one of the smaller Italian brands, Lelit has made a name for itself by crafting high-caliber machines. The company takes pride in its Italian roots and every Lelit machine is designed and manufactured in Italy.
Given the quality Lelit upholds, their machines come with a premium price tag. They fit the needs of businesses and quaint cafes. However, their cost might place them beyond the reach of the average household unless they have considerable disposable income or have been saving up for one. The Victoria, Lelit’s entry-level model, costs about $1,000, while their flagship, the Bianca, can be priced upward of $3,000. For such an investment, owners receive a café-grade espresso machine laden with top-notch features. Lelit’s machines are known for their precision in temperature regulation via electronic sensors, strong stainless steel construction, and sleek design.
They’re not as large as industrial-designed espresso machines, but they produce the same quality in a compact and aesthetically pleasing design. The higher-end model comes with carved wooden handles and knobs while their entry-level products use plastic in their design.
It Sure Looks Like Microsoft Will Get To Buy Activision After All
Although consultation on this new proposal doesn’t end until next month, the government body said this new plan overall “makes important changes that substantially address the concerns it set out” when the first proposal was submitted. It noted that it would quell the concerns that big franchises such as “Overwatch,” “World of Warcraft,” and “Call of Duty” would be under the sole control of Microsoft for cloud gaming.
However, the CMA still worries that certain aspects of the deal might not be fully upheld. It noted that Microsoft has assured that this would not be the case, as the terms will be enforceable by the CMA. Colin Raftery, senior director of mergers and Phase 1 decision maker, said, “With additional protections to make sure that the deal is properly implemented, this will maintain the structure of the market, enabling open competition to continue….”
If the CMA finds this proposal to be acceptable, Microsoft is still not in the clear. Another ongoing consultation about the acquisition determines if Microsoft can purchase any part of Activision, excluding the previously mentioned cloud services. Both consultations will be open until October 6. With the FTC’s go-ahead and the CMA’s acknowledgment that Microsoft is headed in the right direction, this deal could be getting off the ground sooner rather than later.
Why The iPhone 15 Pro Max Might Just Win You Over Even Before You Turn It On
The recent downside to that, though, came with the switch in Apple’s design language to squared-off edges. That transition, on the iPhone 12, wasn’t exactly new — in fact, it was heralded as a welcome nod back to one of the most popular designs in the Cupertino firm’s back catalog, the iPhone 5 — but it was the first time we’d seen that crisp aesthetic with such big screens on the iPhone 12 Pro Max.
As anybody who has used any of the Max-scale models since then will probably have discovered, there can be a downside when it comes to your fingers.
To be blunt, the iPhone is sharp. Whether using the iPhone 14 Pro Max one- or two-handed, I’d typically support the bottom edge with the little finger on my right hand. 240 grams may not sound like a lot, but when it’s all pressing down on one narrow edge, on the sensitive skin of your weakest finger, after a while you notice it.
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